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I have had more than one occasion where a client wishes to change depreciation on assets. Might be useful life, might be cost basis. When you change something about an asset, you're prompted to Reset Year, Reset Life, Recalculate. They usually use Recalculate.
What GP does is not what people want. Say you change useful life of an asset from 5 years to 3 years. What most people expect is to prorate that from the current month through the end of the life of the asset. What happens is that GP prorates this to the end of the current year. In other words, in "catches up" by the end of this year. The adjustment would be inordinately larger if there's only two or three months left in the year.
Has anybody else noticed this? Is there an alternate way of doing this? Is there a way of manually putting in the amount to depreciate for an asset?
Matt
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I have the same question (0)We found this as well. GP performs a reset year for the current year and then recalculates going forward. It is buried in the documentation that this is how it works. As you said, sometimes this is no big deal, other times it's a problem.
I don't have a reasonable fix.
Mark
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